GDA looks at...

HT Estates - - HT­ES­TATES -

How­ever, it has not yet been con­firmed whether UP­SIDC would want to change the land use of in­dus­trial to res­i­den­tial or com­mer­cial. UP­SIDC land util­i­sa­tion at present con­sists of ei­ther op­er­a­tional or sick units. GDA or the Delhi Metro Rail Cor­po­ra­tion (DMRC) have to first un­der­take a sur­vey of prop­er­ties fall­ing along the Metro align­ment route, say sources in UP­SIDC.

Will the au­thor­ity, how­ever, be able to re­cover the money spent on the con­struc­tion of the Metro cor­ri­dor by al­low­ing mixed land use in the de­fined in­flu­ence zones? The present cost of the Metro stands at ₹ 2,210 crore. Of this the Union gov­ern­ment will con­trib­ute al­most ₹ 402.4 crore while the Delhi Metro Rail Cor­po­ra­tion will con­trib­ute ₹ 328 crore. The re­main­ing ₹ 1,480 crore will be be shared by dif­fer­ent UP agen­cies such as GDA, UP Avas Vikas Parishad and the UP State In­dus­trial De­vel­op­ment Cor­po­ra­tion in dif­fer­ent pro­por­tions.

“We are al­ready charg­ing Metro cess from ar­eas that come un­der the in­flu­ence zone to meet the con­struc­tion cost of the cor­ri­dor,” say GDA sources, adding they can only hope to re­alise the cost of con­struc­tion once it’s clear how many would be in­ter­ested in avail­ing of ex­tra FAR and go­ing for mixed land use near the Metro in­flu­ence zones (that in­volves pay­ment of fees but is vol­un­tary).

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